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Metal Industry
Weak fundamentals weigh on Chinese 304 stainless prices
Source: | Author:pmoba547c | Published time: 2022-05-26 | 732 Views | Share:

As of May 24, the spot price of 304/2B 2mm stainless cold-rolled coil (CRC) in Wuxi, a core stainless trading hub in East China's Jiangsu, had decreased to Yuan 20,400/tonne ($3,057.9/t) in-warehouse and including the 13% VAT, down by Yuan 400/t on week, Mysteel's survey showed.